NEW YORK DECLARATION ON FORESTS PROGRESS ASSESSMENT

The assessment finds that 'green' finance aligned with forest emission reduction is significantly outweighed by 'grey' finance that potentially drives deforestation. While some middle-income countries invest more domestically in REDD+ than they receive internationally, overall international public finance for forestry remains insufficient. Private sector investment in 'business as usual' farming and forestry is estimated at USD 168 billion annually, and while some financial institutions are adopting deforestation risk policies, transparency and mandatory enforcement remain low. The report suggests that blended finance and public sector tools are necessary to shift private capital toward sustainable land use.

• Finance aligned with forest emission reduction ('green' finance) is vastly smaller than finance that may negatively impact forests ('grey' finance), with the former totaling roughly USD 16 billion compared to roughly USD 777 billion for the latter.
• International public mitigation finance for the forestry sector is insufficient relative to other sectors; between 2010 and 2015, USD 2.3 billion in green finance was provided for forestry, while other sectors received USD 167 billion.
• Domestic investment in REDD+ programs in certain upper-middle-income countries can exceed international public support. For example, Mexico, Costa Rica, Ghana, and Chile planned allocations of USD 8 billion, USD 1 billion, USD 53.7 million, and USD 36.9 million respectively over a four to ten year period.
• Private investment in traditional, non-sustainable farming and forestry is estimated at USD 168 billion annually, and is over 50 times greater than the combined international public and private support aligned with Goal 8.
• Financial institutions are increasingly adopting deforestation risk policies, but these are often non-mandatory recommendations with limited transparency regarding client compliance.
• Private capital committed to sustainable food and fiber production, habitat conservation, and water protection in Latin America, Asia, and Africa totaled nearly USD 2.7 billion from 2004 to 2015.

APA

Forest Declaration Assessment (2018). NEW YORK DECLARATION ON FORESTS PROGRESS ASSESSMENT. https://forestdeclaration.org/wp-content/uploads/2021/08/2017Goal8.pdf

Chicago

Forest Declaration Assessment. NEW YORK DECLARATION ON FORESTS PROGRESS ASSESSMENT. 2018. https://forestdeclaration.org/wp-content/uploads/2021/08/2017Goal8.pdf.

Wikipedia

{{cite report |author=Forest Declaration Assessment |title=NEW YORK DECLARATION ON FORESTS PROGRESS ASSESSMENT |date=2018 |url=https://forestdeclaration.org/wp-content/uploads/2021/08/2017Goal8.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{forestdeclarationassessment2018new, author = {{Forest Declaration Assessment}}, title = {{NEW YORK DECLARATION ON FORESTS PROGRESS ASSESSMENT}}, institution = {Forest Declaration Assessment}, year = {2018}, url = {https://forestdeclaration.org/wp-content/uploads/2021/08/2017Goal8.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }